18
$3,149,900 Sale
Listed 21 days ago
49-67 Adelaide Street
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Listing History
Buy/Sell/Terminated/Expired listing history for 49-67 Adelaide Street
Key Facts
Key facts for 49-67 Adelaide Street
Property Type
Commercial
Parking
None
MLS #
X13813188
Size
-
Basement
-
Listed on
2026-09-22
Lot size
132 x 165.0
Tax
$20,682.72 /yr
Days on Market
21
Approximate Age
-
Maintenance Fee
-
Description
An excellent opportunity to acquire a 10 unit townhouse complex positioned on the outskirts of Downtown Kingston, offering strong income, functional layouts & long term investment appeal. The property is comprised of 10 attached townhouse units with a mix of 2 & 3 bedroom layouts, each featuring its... own private walk-out basement, with 6 units also offering decks off the living room. Six of the ten units have been renovated, creating a strong blend of updated interiors with continued upside potential across the remaining units. The property is designed for efficient ownership, with all units separately metered, tenants paying their own utilities, & each unit equipped with its own forced air gas furnace & hot water tank. Additional highlights include a massive parking lot & a 12 ft x 27 ft storage shed. Based on the current rent roll & expenses, the property offers an approximate current Cap Rate of 5.24%, with a projected Cap Rate of approximately 5.37% based on scheduled 2026 rent increases. With townhouse-style units, tenant-paid utilities, individual mechanical systems, strong parking & close proximity to Downtown Kingston & public transit, this is a compelling income-producing property with excellent operational fundamentals.
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Courtesy of: ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE